RESEARCH REPORT
Discover the trends fueling cross-border eCommerce success
Airwallex surveyed over 3,000 consumers and interviewed leading merchants across Australia, China, Hong Kong, Singapore, the UK, and the US with the support of consulting firm Edgar, Dunn & Company in January 2024 to learn how businesses can drive global eCommerce growth.
IN THIS REPORT
Cross-border eCommerce is a multi-trillion dollar opportunity for merchants
54% of consumers expect to buy more from overseas merchants in 2024
Find out how your business can capitalize on this demand to drive global success.
61% of consumers see overseas merchants as trustworthy
Consumer confidence in overseas merchants is growing. Discover the strategies leading eCommerce merchants use to improve consumer trust.
77% of consumers are likely to abandon their cart if preferred payment methods are unavailable
With global payment preferences shifting rapidly, learn how to leverage modern payments technology to improve checkout success rates.
HOW AIRWALLEX CAN HELP
How leading eCommerce companies scale globally
Airwallex is a payments and financial platform designed for global businesses.
Optimize your checkout for global success
Collect one time or recurring payments from customers in 180+ countries and regions. Boost checkout rates by pricing in local currencies and allowing customers to pay with over 160+ payment methods. Easily integrate Airwallex with your website or embed Payment Links into social media and other channels - no website or coding needed.
Reduce fraud and boost payment acceptance rates
Automatically identify suspicious transactions and reduce disputes with our built-in fraud detection engine and dispute management system. Leverage 3D Secure to authenticate shoppers prior to authorizing card transactions and stay compliant with regional requirements.
Operate in multiple currencies
Open Global Accounts that come with local bank details in 23+ currencies. Collect payments, transfer funds, and pay bills whilst avoiding costly currency conversions. Use Airwallex multi-currency cards, high-speed transfers, and interbank FX rates to manage global fund flows efficiently and cost-effectively.
Trusted by 100,000+ businesses
“I can safely say that revolutionising our global payment infrastructure with Airwallex has fundamentally transformed and accelerated our global commerce ambitions. Plugging into Airwallex payments infrastructure was like upgrading from country roads to a global superhighway overnight.”
“These small percentages here and there add up over time with a real bottom line impact. When I see the rates are good, I’ll convert my AUD into USD, knowing that I’ve saved money that I can re-invest into the business in the long-run.”
“It is crazy to see that kind of technology...it's just one of those ideas where you think, why has this not been done before?”
“Before Airwallex, we had no idea when our payments were going to reach our suppliers. Using Airwallex instead of traditional banks has increased the speed of our overseas transfers and optimised our cashflow significantly. We've also saved up to 99% of our TT and FX fees.”
“Having Airwallex as our global trusted partner means we can spend less time on the phone to the bank, and more time instead focusing on growing our business both domestically and internationally.”
“We are an eCommerce platform, and oftentimes we use online payment services... sometimes we receive payments from abroad. Therefore, Airwallex’s global business account and its fast payment service provide great convenience for us.”
“I’m so thankful that Airwallex exists! In Hong Kong, it's so hard to find financial service providers that are friendly to small businesses. Airwallex allows me to exchange currencies at really great rates, and the interface is very modern and easy to use compared to my bank.“
